San Miguel set to win $15 Billion Philippine airport project

Manila: San Miguel Corp. is poised to win a $15-billion airport project near the Philippine capital and begin construction before the yearend after no challenger came forward to match its proposal. The Transportation Department expects to issue a notice for San Miguel to proceed with the project by the first week of September, paving the […]

Loans in UAE, Saudi Arabia and Bahrain just got cheaper with lower interest rates

Dubai: Taking out loans across many GCC countries just got cheaper on Thursday as central banks cut interest rates. Central banks in the UAE, Saudi Arabia, and Bahrain all cut their interest rates by 25 basis points after the US Federal Reserve lowered its rates for the first time since the financial crisis. Kuwait’s central […]